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How are Chinese steel mills responding to surging iron ore prices?

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Listen: How are Chinese steel mills responding to surging iron ore prices?

Iron ore prices have risen by around 30% since the start of June, putting intense pressure on steel margins. Are Chinese mills contemplating trimming production? How is the third quarter shaping up? And after the recent Baowu-Manshan tie-up announcement, is more Chinese steel consolidation on the way? S&P Global Platts senior managing editor Paul Bartholomew delve into these issues with senior China steel analyst Zhang Jing and S&P Global Ratings associate director Christine Li.